Bitcoin Whale Adds $200M as BlackRock and Dormant Investors Accumulate

A Bitcoin whale has made waves by acquiring $200 million worth of BTC, just weeks after offloading over 11,400 coins.

According to Arkham Intelligence, the purchase on March 24 boosted the investor’s total holdings to more than 15,000 BTC, valued at approximately $1.3 billion. This move follows a period of selling in February when Bitcoin traded between $100,000 and $86,000.

Recent price action suggests renewed confidence, with Bitcoin fluctuating between $81,000 and $88,000 over the past week.

Another long-dormant whale also resurfaced, shifting over 3,000 BTC—worth $250 million—on March 22 after eight years of inactivity. The value of this stash has skyrocketed from $3 million in early 2017 to its current quarter-billion-dollar valuation.

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Strategy Boosts Bitcoin Holdings to Over 500,000 with Latest Acquisition

Meanwhile, BlackRock has been steadily increasing its Bitcoin reserves, adding 4,054 BTC across multiple transactions. This brings its total holdings to nearly 574,000 BTC, worth over $50 billion.
The asset manager’s iShares Bitcoin Trust (IBIT) has also led a recovery in the U.S. spot Bitcoin ETF market, recording $744.4 million in net inflows, with the majority coming from IBIT and Fidelity’s FBTC.

Ethereum has also seen notable activity, with a single whale accumulating 7,074 ETH—worth $13.8 million—on March 21. While Ether remains far below its 2021 all-time high of $4,878, rising interest among large holders has fueled an increase in the number of addresses holding at least $100,000 in ETH, which grew from 70,000 to 75,000 in March.

Alexander Stefanov